Multiple Choice
Economies of scale occur when the per-unit cost of production falls as a firm's output increases.How is this commonly achieved?
A) when the company suffers from a dip in the demand for its products or services
B) when the company has certain fixed costs that do not change with the rise or fall in units produced
C) when the company has a predetermined order of tasks to be completed
D) when the managers of a company have an autocratic approach to leadership
Correct Answer:

Verified
Correct Answer:
Verified
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